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Working Paper
Industry restructuring and export performance: evidence on the transition in Hungary
Robust and numerous small and medium-size enterprises (SMEs) are a hallmark of the market economy and development of these firms is an integral part of the structural transformation of the economies of East-Central Europe (ECE). Data for Hungary on changes in the size distribution of firms and their importance for output and employment indicates that industry restructuring is taking place. One measure of the success of restructuring is export performance. That is, increased exports by those industries undergoing restructuring suggests that the process is creating firms that are successfully ...